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Fred Pennic, Editor-in Chief | HIT Consultant

Fred Pennic is the Founder and Editor-in-Chief of HIT Consultant.

MiSalud Launches Digital Health and Wellness Platform for the Underserved US Hispanic Community

by Fred Pennic 08/20/2021 Leave a Comment

MiSalud Launches Personalized Digital Health and Wellness Platform for the Underserved US Hispanic Community

What You Should Know: - MiSalud Inc., a San Francisco-based digital health startup has raised $5M and is launching the beta version of their digital health and wellness platform led by Pivotal Ventures, a Melinda French Gates company, with Magnify Ventures. MiSalud, which means My Health in Spanish, aims to make healthcare more inclusive by offering personalized healthcare services to US Hispanics through its mobile app and platform. - MiSalud offers a unique combination of personalized
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TRIPP Acquires PsyAssist to Support Patients with VR-Powered Psychedelic Therapy

by Fred Pennic 08/20/2021 Leave a Comment

TRIPP Acquires PsyAssist to Support Patients with VR-Powered Psychedelic Therapy

TRIPP, the fastest-growing digital psychedelics platform today acquired PsyAssist to commercialize a first-of-its-kind offering that supports the psychological healing journey of patients in psychedelic-assisted therapies. Financial details of the acquisition were not disclosed. The acquisition will empower psychotherapists and patients to safely and effectively use TRIPP’s VR, AR, and mobile experiences for ketamine-assisted therapy, and clinical trials of MDMA, and psilocybin
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Geisinger Unveils AI-Backed, Customizable Approach to Medical Billing

by Fred Pennic 08/20/2021 Leave a Comment

Geisinger Expands Telehealth Services to Assess, Monitor and Triage COVID Patients At-Home

What You Should Know: - Today, Geisinger announced a new AI-backed, customizable approach to medical billing where patients have the power to select zero-interest payment plans that that can be paid over a timeline of their choosing. - The new offering in partnership with fintech startup, PayZen marks Geisinger as the first large health system in the country to deploy an AI-backed financing solution to create customized billing solutions that will help patients more easily afford
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Cerner Appoints Dr. David Feinberg as New President & CEO

by Fred Pennic 08/19/2021 Leave a Comment

Cerner Appoints Head of Google Health as New President & CEO

What You Should Know: Today, Cerner announced that its Board of Directors has appointed Dr. David Feinberg as its new President and Chief Executive Officer, effective Oct. 1. Dr. Feinberg succeeds Brent Shafer, who previously announced his decision to transition from chairman and CEO. - Dr. Feinberg will serve as a member of the Board of Directors. Cerner’s current President, Donald Trigg, will leave Cerner. Cerner’s Board of Directors also announced that it will separate the roles of
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M&A: AmerisourceBergen Acquires Fintech Solution FirstView Financial

by Fred Pennic 08/19/2021 Leave a Comment

M&A: AmerisourceBergen Acquires Fintech Solution FirstView Financial

What You Should Know: - Today, global healthcare company AmerisourceBergen announced it has acquired FirstView Financial (FirstView), a fintech solutions provider that delivers innovative digital payment processing services to support patient affordability and access programs, pharmacy and provider networks, and payors and plan administrators. - The addition of FirstView to AmerisourceBergen’s existing suite of manufacturer services  positions the company to meet the increased demand
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Streamline Health Acquires RCM Consulting Firm Avelead for $20M

by Fred Pennic 08/18/2021 Leave a Comment

Streamline Health Acquires RCM Consulting Firm Avelead for $20M

What You Should Know: - Streamline Health Solutions, Inc., a provider of the eValuator Revenue Integrity Program to help healthcare providers proactively address revenue leakage and compliance exposure, announced the acquisition of Avelead Consulting, LLC (“Avelead”), a provider of solutions and services to improve revenue integrity for healthcare providers. - Financial terms of the acquisition include closing cash and stock consideration valued at $20M, subject to
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HCA Healthcare Sells Off PatientKeeper to General Catalyst’s Commure

by Fred Pennic 08/18/2021 Leave a Comment

HCA Healthcare Sells Off PatientKeepr to General Catalyst’s Commure

What You Should Know: - HCA Healthcare, one of the nation’s leading healthcare providers, and General Catalyst, a global venture capital firm, today announced the sale of HCA Healthcare’s PatientKeeper to venture firm General Catalyst’s portfolio company Commure along with an investment in Commure and the formation of a new strategic collaboration to accelerate digital transformation. - PatientKeeper is a leading provider of intuitive software and mobile applications that help physicians
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Verily Acquires Clinical Trials Management Platform SignalPath, Marks First Acquisition

by Fred Pennic 08/17/2021 Leave a Comment

Verily Acquires Clinical Trials Management Platform SignalPath, Marks First Acquisition

What You Should Know: Verily, an Alphabet company announced an agreement to acquire SignalPath, a Raleigh, NC-based clinical trial management system (CTMS) that improves the ease, quality and efficiency of conducting clinical research at study sites. Financial details of the acquisition were not disclosed. - The acquisition marks Verily’s first major acquisition that will strengthen and expand Verily’s existing clinical trial system and evidence generation platform, known as Baseline. The
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ClosedLoop.ai Raises $34M to Expand Healthcare Data Science Platform

by Fred Pennic 08/17/2021 Leave a Comment

ClosedLoop.ai Raises $34M to Expand Healthcare Data Science Platform

What You Should Know: - ClosedLoop.ai., an Austin, TX-based healthcare data science platform, today announced it has raised $34 million in Series B financing led by Telstra Ventures with participation from Breyer Capital, Greycroft Ventures, .406 Ventures, and Healthfirst. Notable angel investors Adam Boehler (former director of CMMI & CEO of Landmark Health) and Sam Palmisano (former CEO of IBM) also participated in the round. - ClosedLoop’s explainable AI reimagines the concept
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Ultrahuman Secures $17.5M for Fitness Wearable Glucose Tracker

by Fred Pennic 08/17/2021 Leave a Comment

Ultrahuman Secures $17.5M for Fitness Wearable Glucose Tracker

What You Should Know: - Health tech startup Ultrahuman has raised $17.5 million in Series B funding as it sets out to re-invent fitness-tech via its glucose tracking wearable that helps people improve their diet and exercise. The series B funding came from Alpha Wave Incubation (AWI), which is backed by DisruptAD and managed by Falcon Edge, Steadview Capital, Nexus Venture Partners, Blume Ventures, and Utsav Somani’s iSeed fund. - Founded in 2020 by Mohit Kumar and Vatsal Singhal who were
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